Nautilus Biotechnology Inc Stock Price, News & Analysis

Nautilus Biotechnology has announced the opening of a new 7,000-square-foot office in San Diego, California, significantly expanding its operational footprint in one of the largest biotech hubs in the U.S. This facility will support various functions including mechanical engineering and bioinformatics, enhancing the company's capacity for research and development on its advanced protein analysis platform. Nautilus' expansion is aimed at fostering a strong scientific community dedicated to proteome analysis, with existing partnerships including Genentech and Amgen. The company remains focused on advancing its technology despite inherent challenges in product development.

Nautilus Biotechnology has partnered with TGen to investigate protein targets in diffuse intrinsic pontine glioma (DIPG), a rare childhood cancer. This collaboration allows TGen to utilize Nautilus' next-generation proteome analysis platform to explore the epigenetic mechanisms of DIPG by studying proteoform variations at the single-molecule level. The partnership marks Nautilus' fifth early collaboration program, advancing their platform access ahead of a commercial launch in 2024. The collaboration is expected to yield vital insights into DIPG, potentially transforming approaches in cancer research.

Nautilus Biotechnology, Inc. has announced the launch of the First Access Challenge, a research competition in single-molecule proteomics, inviting scientists to submit proposals for early access to its Proteome Analysis Platform. The competition aims to discover new biological insights across various fields, including oncology and immunology. Three winning proposals will be chosen in 2023 to collaborate with Nautilus, receiving analysis of 12 samples and support for publication. Applications are due by February 10, 2023, with winners announced during the US HUPO 2023 Conference in March.

Nautilus Biotechnology, Inc. (NASDAQ: NAUT) reported third quarter 2022 results, showing operating expenses of $15.8 million, a 9% increase from $14.6 million in Q3 2021. The net loss narrowed to $14.1 million compared to $14.5 million a year prior. Cash and investments totaled $323.6 million as of September 30, 2022. The company made strides in platform development and is transitioning to manufacturing as it prepares for full commercial availability.

Nautilus Biotechnology, Inc. (NASDAQ: NAUT) will announce its third-quarter 2022 financial results on November 1, 2022, before the market opens. A conference call with management will follow at 5:30 a.m. PT to discuss results, business developments, and future outlook. The webcast will be accessible through the company’s website. Nautilus focuses on developing a single-molecule protein analysis platform aimed at revolutionizing proteomics and enhancing human health and medicine.

Nautilus Biotechnology, Inc. (NASDAQ: NAUT) will participate in the virtual Capital One Spatial Biology & Proteomics Summit on September 28, 2022. Co-founder and CEO Sujal Patel is set to take part in two panel discussions: "Proteomics 'Everything You Wanted to Know, But Were Afraid to Ask'" at 11:30 a.m. ET / 8:30 a.m. PT, and a CEO panel at 1:00 p.m. ET / 10 a.m. PT. Interested attendees can register by contacting kristen.patrick@capitalone.com.

Nautilus is dedicated to advancing proteomics with a platform technology aimed at enhancing human health.

Nautilus Biotechnology (NASDAQ: NAUT) has joined the Human Proteome Organization's Industrial Advisory Board (IAB), enhancing its role in the proteomics field. Announced on September 1, 2022, this collaboration allows Nautilus to provide expertise in technology and product innovation while engaging with industry leaders. Co-founder Parag Mallick expressed excitement about participating as a Gold Sponsor at the upcoming 2022 HUPO World Congress.

Nautilus aims to democratize access to the proteome, driving advancements in human health and medicine.

Nautilus Biotechnology, a pioneer in single-molecule protein analysis, will participate in the Morgan Stanley Global Healthcare Conference on September 12, 2022, at 11:05 a.m. ET. The event will feature a fireside chat with company management, and interested parties can access the live and archived webcast via the Investors section of Nautilus’ website.

Based in Seattle, Nautilus aims to transform proteomics by democratizing access to the proteome, facilitating advancements in human health and medicine.

Nautilus Biotechnology, Inc. (NASDAQ: NAUT) reported its Q2 2022 financial results, showing total operating expenses of $15.5 million, a decrease from Q1 2022. The company anticipates launching its proteome analysis platform by mid-2024, with early access revenue expected in early 2024. Although operating expenses increased 45% year-over-year, driven by a rise in headcount, cash reserves totaled $334.9 million as of June 30, 2022, extending the cash runway into 2025. The CEO expressed confidence in the company’s strategic direction amidst macroeconomic challenges.